{"id":6148,"date":"2015-05-29T15:09:36","date_gmt":"2015-05-29T15:09:36","guid":{"rendered":"https:\/\/climatepolicyinitiative.org\/?post_type=cpi_pr&p=6148"},"modified":"2022-10-16T19:21:22","modified_gmt":"2022-10-16T19:21:22","slug":"the-uk-government-commits-50-million-to-the-climate-development-and-finance-facility-to-help-developing-countries-tackle-climate-change","status":"publish","type":"cpi_pr","link":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/press-release\/the-uk-government-commits-50-million-to-the-climate-development-and-finance-facility-to-help-developing-countries-tackle-climate-change\/","title":{"rendered":"The UK government commits \u00a350 million to the Climate Development and Finance Facility to help developing countries tackle climate change"},"content":{"rendered":"

London \u2013 The UK government has announced<\/a> a \u00a350 million commitment of existing funding to the Climate Development and Finance Facility<\/a> that will help fast-track renewable energy projects in developing countries.<\/p>\n

The Climate Development and Finance Facility has been developed within the framework of The Global Innovation Lab for Climate Finance (The Lab)<\/a>, an initiative that supports the identification and piloting of cutting edge climate finance instruments, and it is being taken forward by\u00a0FMO, the Netherlands Development Finance Company<\/a>, in partnership with Phoenix Infraworks from South Africa.<\/p>\n

UK Prime Minister David Cameron said in a speech<\/a> on Thursday night:<\/p>\n

\u201cThis is a vital year to secure an ambitious deal that can combat climate change\u2026 The UK is already playing its part, but we need to do more to get the private sector involved, fostering research and innovation into new clean energies, and supporting growth and jobs. That\u2019s why we\u2019ll put \u00a350 million of our existing climate funding towards a new international initiative that will back new technologies for a clean energy economy. Quite simply, it\u2019s time the market got to work on climate change.\u201d<\/p><\/blockquote>\n

According to The Lab\u2019s analysis, the Climate Development and Finance Facility will mobilize at least USD 2 billion in new private finance out to 2020, while lowering the cost of clean electricity to consumers in developing countries.<\/p>\n

In addition to the UK commitment, The Dutch government committed EUR 7 million to the Climate Development and Finance Facility in April, and FMO is also interested in investing up to USD 75 million from its own balance sheet.<\/p>\n

The Global Innovation Lab for Climate Finance<\/strong>\u00a0is a global initiative that supports the identification and piloting of cutting edge climate finance instruments. It aims to drive billions of dollars of private investment into climate change mitigation and adaptation in developing countries. Analytical and secretariat work of The Lab has been funded by the\u00a0UK Department of Energy & Climate Change (DECC)<\/a>, the\u00a0German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB)<\/a>, and the\u00a0U.S. Department of State<\/a>.\u00a0Climate Policy Initiative<\/a>\u00a0serves as The Lab Secretariat.<\/p>\n

Contact:<\/strong>
\nElysha Rom-Povolo, elysha@cpisf.org<\/a>, +1 415 728 3613<\/p>\n","protected":false},"excerpt":{"rendered":"

London \u2013 The UK government has announced a \u00a350 million commitment of existing funding to the Climate Development and Finance Facility that will help fast-track renewable energy projects in developing countries. The Climate Development and Finance Facility has been developed within the framework of The Global Innovation Lab for Climate Finance (The Lab), an initiative […]<\/p>\n","protected":false},"featured_media":0,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[1761,395],"regions":[518],"topics":[1195,1226,264],"collaborations":[],"class_list":["post-6148","cpi_pr","type-cpi_pr","status-publish","format-standard","hentry","programs-climate-finance-tracking","programs-global-innovation-lab-for-climate-finance","regions-developing-economies","topics-decarbonization-and-net-zero-goals","topics-policy-and-regulation","topics-renewable-energy"],"acf":[],"yoast_head":"\nThe UK government commits \u00a350 million to the Climate Development and Finance Facility to help developing countries tackle climate change - CPI<\/title>\n<meta name=\"description\" content=\"The UK government has announced a \u00a350 million commitment of existing funding to the Climate Development and Finance Facility that will help fast-track renewable energy projects in developing countries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/the-uk-government-commits-50-million-to-the-climate-development-and-finance-facility-to-help-developing-countries-tackle-climate-change\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UK government commits \u00a350 million to the Climate Development and Finance Facility to help developing countries tackle climate change - 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